Though Q2's 5 for 5 record cannot be bested, we remain extremely dedicated after your e-mails of praise and referrals to friends. We are grateful.
POTC remains rooted in the principles of Darwinian free-market principles: NO bailouts and NO stimuli.
We are excited by the November 2nd mid-term elections. Our team believes a combination of smaller government (less spending) and lower taxes for ALL is the smartest solution to a brighter socioeconomic future.
The U.S. will toil in mediocrity if the only push is Anti-Wall Street and pull for more Unionization.
Beware of the Employee Free Choice Act (EFCA) and a bloated Department of Energy with Cap and Trade Act if the democrats retain majority. And in our opinion, there is a 60% that will happen unfortunately.
If you subscribe to a quarterly or yearly membership by September 16th, you'll receive the 11 Commandments of aggressive trading and our outlook on the S&P through the November midterm elections.
We envisage shrewd political planning and forces influencing stock prices in the weeks ahead. In our professional blogging opinion (ipbo), these forces will be evident to all on Friday, October 8th.
The bloated government Obama has installed ensures longer-term suffering for the private sector. Our Capitalist Pig Bob whole heartedly despises this Administration's economic team as well as the FOMC's insistence on a zero interest rate policy. Pig Bob doesn't believe enough attention has been paid to Obama's ex-economic advisor's insistence, in a New York Times piece, that ALL Bush tax cuts should be extended.
POTC has consistently blogged that it's not the price of money (interest rates) that are extending the recessions in housing and employment, but the frightened consumer followingthe unprecedented stock market and real estate bubbles of 2000.
The creation of an uneven global playing field in terms of manufacturing costs and the pegging of the Chinese Yuan to the U$D is another huge and ongoing problem. How China unwinds this peg and avoids inflation will be a case study for investment finance professors for decades.
Other factors like the fall of communism and imported Eastern European hunger for wealth in the 1980s - 2000 caused further economic dislocations, but especially in mortgage/credit. An extremely cheap Eastern European work force associated with the US residential real estate caused this foundational asset class to crack under these combination of stresses and pressures.
The Eastern European -post communism- hunger for wealth caused many functioning 1,800 - 3,000 sq ft houses to be bull dozed, and 5,000+ sq ft dinosaurs were erected. A conundrum that continues to plague most of the largest state suburbs of New York, New Jersey, Illinois, Georgia, California, Nevada, Florida, and Arizona.
The U.S. is facing a combination of extremely complicated socioeconomic issues in the months and years ahead. Residential real estate is just one internal micro facet, yet the manufacturing labor cost disparity with China is a full-blown macro crisis.
Subscribers to this blog have the choice of enjoying one-on-one trading advice and assistance via e-mail. Our team psychology is geared towards very aggressive trading, yet every subscriber receives our 11 Commandments that cover key investment wisdoms in traditional as well as individual retirement accounts (IRAs). The Commandments are not monolithic, as Jim Cramer's, and are updated at least once a quarter with "lessons learned".
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